Tocvan Core Drilling Returns 10.3 g/t Gold Over 9.7 meters within 83.5 meters of 1.3 g/t Gold Includes 60.6 g/t Gold Over 1.6 meters, Highest-Grade Interval Since Prospect Discovery
Tocvan Ventures Corp. (TCVNF) has announced significant drilling results from its Gran Pilar Gold Silver Project in Sonora, Mexico. The company reported its highest gold grade result since the prospect's 1996 discovery, with core hole JES-25-104 yielding 10.3 g/t Au over 9.7m, including an impressive 60.6 g/t Au over 1.6 meters.
The high-grade mineralization was found within a broader zone averaging 1.3 g/t Au over 83.5 meters. Adjacent trench sampling averaged 1.9 g/t Au and 9 g/t Ag over 14m. A second core hole, JES-25-103, returned anomalous gold, silver, and copper values, averaging 0.1 g/t Au, 8 g/t Ag, and 0.54% Cu over 34.7 meters.
The company is planning a pilot facility at Pilar with aims to process up to 50,000 tonnes of material in early 2025. Previous metallurgical studies have shown promising recovery rates of 95-99% for gold and 73-97% for silver using gravity recovery with agitated leach.
Tocvan Ventures Corp. (TCVNF) ha annunciato risultati di perforazione significativi dal suo progetto Gran Pilar Gold Silver in Sonora, Messico. L'azienda ha riportato il risultato di grado aurifero più alto dalla scoperta del giacimento nel 1996, con il foro di perforazione JES-25-104 che ha prodotto 10.3 g/t Au su 9.7m, inclusi 60.6 g/t Au su 1.6 metri.
La mineralizzazione ad alto grado è stata trovata all'interno di una zona più ampia che media 1.3 g/t Au su 83.5 metri. Il campionamento di trincea adiacente ha mostrato una media di 1.9 g/t Au e 9 g/t Ag su 14m. Un secondo foro di perforazione, JES-25-103, ha restituito valori anomali di oro, argento e rame, con una media di 0.1 g/t Au, 8 g/t Ag e 0.54% Cu su 34.7 metri.
L'azienda prevede di realizzare un impianto pilota a Pilar con l'obiettivo di processare fino a 50.000 tonnellate di materiale all'inizio del 2025. Studi metallurgici precedenti hanno mostrato tassi di recupero promettenti del 95-99% per l'oro e del 73-97% per l'argento utilizzando il recupero per gravità con lisciviazione agitata.
Tocvan Ventures Corp. (TCVNF) ha anunciado resultados de perforación significativos de su proyecto Gran Pilar Gold Silver en Sonora, México. La compañía informó su resultado de grado de oro más alto desde el descubrimiento del prospecto en 1996, con el pozo de perforación JES-25-104 que arrojó 10.3 g/t Au sobre 9.7m, incluyendo un impresionante 60.6 g/t Au sobre 1.6 metros.
La mineralización de alta ley se encontró dentro de una zona más amplia que promedia 1.3 g/t Au sobre 83.5 metros. El muestreo de trinchera adyacente promedió 1.9 g/t Au y 9 g/t Ag sobre 14m. Un segundo pozo de perforación, JES-25-103, devolvió valores anómalos de oro, plata y cobre, promediando 0.1 g/t Au, 8 g/t Ag y 0.54% Cu sobre 34.7 metros.
La compañía planea una instalación piloto en Pilar con el objetivo de procesar hasta 50,000 toneladas de material a principios de 2025. Estudios metalúrgicos anteriores han demostrado tasas de recuperación prometedoras del 95-99% para el oro y del 73-97% para la plata utilizando recuperación por gravedad con lixiviación agitada.
Tocvan Ventures Corp. (TCVNF)는 멕시코 소노라의 그란 필라 금-은 프로젝트에서 중요한 시추 결과를 발표했습니다. 이 회사는 1996년 발견 이후 가장 높은 금 함량 결과를 보고했으며, 시추 구멍 JES-25-104에서 10.3 g/t Au를 9.7m 동안 얻었고, 1.6미터에서 60.6 g/t Au를 포함했습니다.
고품위 광물화는 83.5미터에서 평균 1.3 g/t Au를 기록한 더 넓은 구역 내에서 발견되었습니다. 인접한 도랑 샘플링은 14m에서 평균 1.9 g/t Au 및 9 g/t Ag를 기록했습니다. 두 번째 시추 구멍인 JES-25-103은 34.7미터에 걸쳐 평균 0.1 g/t Au, 8 g/t Ag 및 0.54% Cu의 비정상적인 금, 은 및 구리 값을 반환했습니다.
회사는 2025년 초에 최대 50,000톤의 물질을 처리하기 위한 파일럿 시설을 필라르에 계획하고 있습니다. 이전의 금속공학 연구는 중력 회수와 교반 침출을 사용하여 금에 대해 95-99%, 은에 대해 73-97%의 유망한 회수율을 보여주었습니다.
Tocvan Ventures Corp. (TCVNF) a annoncé des résultats de forage significatifs de son projet Gran Pilar Gold Silver au Sonora, au Mexique. La société a rapporté son meilleur résultat en teneur d'or depuis la découverte du site en 1996, avec le trou de forage JES-25-104 donnant 10.3 g/t Au sur 9.7m, incluant un impressionnant 60.6 g/t Au sur 1.6 mètres.
La minéralisation de haute teneur a été trouvée dans une zone plus large moyenne de 1.3 g/t Au sur 83.5 mètres. L'échantillonnage des tranchées adjacentes a donné une moyenne de 1.9 g/t Au et 9 g/t Ag sur 14m. Un second trou de forage, JES-25-103, a retourné des valeurs anormales d'or, d'argent et de cuivre, avec une moyenne de 0.1 g/t Au, 8 g/t Ag et 0.54% Cu sur 34.7 mètres.
La société prévoit une installation pilote à Pilar visant à traiter jusqu'à 50 000 tonnes de matériel début 2025. Des études métallurgiques précédentes ont montré des taux de récupération prometteurs de 95-99% pour l'or et de 73-97% pour l'argent en utilisant la récupération par gravité avec lixiviation agitée.
Tocvan Ventures Corp. (TCVNF) hat bedeutende Bohrergebnisse aus seinem Gran Pilar Gold-Silber-Projekt in Sonora, Mexiko, bekannt gegeben. Das Unternehmen berichtete von seinem höchsten Goldgehalt seit der Entdeckung des Vorkommens im Jahr 1996, wobei der Kernbohrloch JES-25-104 10.3 g/t Au über 9.7m lieferte, einschließlich beeindruckenden 60.6 g/t Au über 1.6 Meter.
Die hochgradige Mineralisierung wurde innerhalb einer breiteren Zone gefunden, die im Durchschnitt 1.3 g/t Au über 83.5 Meter beträgt. Die benachbarte Grabensamples ergaben im Durchschnitt 1.9 g/t Au und 9 g/t Ag über 14m. Ein zweites Kernbohrloch, JES-25-103, lieferte anomale Werte für Gold, Silber und Kupfer mit einem Durchschnitt von 0.1 g/t Au, 8 g/t Ag und 0.54% Cu über 34.7 Meter.
Das Unternehmen plant eine Pilotanlage in Pilar, die darauf abzielt, bis Anfang 2025 bis zu 50.000 Tonnen Material zu verarbeiten. Frühere metallurgische Studien haben vielversprechende Rückgewinnungsraten von 95-99% für Gold und 73-97% für Silber unter Verwendung von Schwerkrafttrennung mit agitiertem Laugungsverfahren gezeigt.
- Highest-grade gold intersection since discovery: 10.3 g/t Au over 9.7m
- Broad mineralization zone averaging 1.3 g/t Au over 83.5 meters
- Excellent metallurgical recovery rates: 95-99% for gold, 73-97% for silver
- Advancing toward pilot facility capable of processing 50,000 tonnes
- Only 51% ownership of the Main Zone
- Bulk sample showed lower recovery rate of 62% compared to lab tests
Highlights:
Highest Gold Grade Result Since Prospect Discovery in 1996
10.3 g/t Au Over 9.7m, including 1.6m of 60.6 g/t Au or 1.95 troy ounces (Hole JES-25-104)
Only surpassed by Historic Drill Hole S-10, 16.5 meters of 53 g/t Au (1996 Discovery) *
Anomalous Mineralization from 14.1 to 97.6 meters averaging 1.3 g/t Au
Next to Trench Opened in 2023 for Bulk Sample Material
Surface Channels Averaged, 1.9 g/t Au and 9 g/t Ag over 14m (TR-2023-03)
Northwestern Hole JES-25-103, returns 3.7 meters of 0.4 g/t Au, 39 g/t Ag and
2.6% CuAnomalous Mineralization from 19.7 to 54.4 meters averaging 0.1 g/t Au, 8 g/t Ag and
0.54% Cu
CALGARY, AB / ACCESS Newswire / March 11, 2025 / Tocvan Ventures Corp. (the "Company") (CSE:TOC)(OTCQB:TCVNF)(WKN:TV3/A2PE64), is pleased to announce results from the first two core holes recently drilled at the Gran Pilar Gold Silver Project in mine-friendly Sonora, Mexico. Ten core drillholes totaling 1,167.5 meters were completed earlier this year within the majority owned (
"These near-surface high-grade results showcase the rapid development potential of Pilar." commented, CEO Brodie Sutherland. "Core drilling has again yielded some of the best results ever from the property. Results are in line with our initial observations of key styles of significant mineralization. The very high-grade interval in JES-25-104 coincides with a fault and adjacent intense, texture destructive hematite and silica alteration. Understanding these high-grade structures is essential for upgrading resource potential and identifying focus areas for initial mining. Further to the north, hole JES-25-103 has yielded some of the best results to date on the northwestern edge of the Main Zone where surface mapping has outlined key controlling structures with elevated copper and silver. We look forward to sharing the remaining drill results as they become available."
Figure 1. Planview map of the Main Zone area and immediately north where recent RC drilling has discovered the extension of mineralization along parallel trends. Today's drill results are within the majority owned Main Zone.
Table 1. Summary of Drill Results in today's release. Intervals reported are drilled lengths, the Company will update on estimated true thickness once all new drill data has been processed.
Figure 2. 3D North to South Long-Section of the drilled Main Zone area. Drill results announced today are in red boxes.
Photo 1. Close up of high-grade gold sample (JES-25-104, 1.6 meters of 60.6 g/t Au and 13 g/t Ag, from 87.8m depth vertically from surface). Local faulting and associated intense hematite and silica alteration have replaced the original andesite host rock. This style of mineralization has been recorded across the Main Zone at surface and in drill core.
Table 2. Summary of drill collar locations and orientations. Coordinates are in UTM NAD 27, Zone 12N
Photos 2 & 3. Core photos from JES-25-104 from 87.6 meters to 97.3 meters downhole depth.
Figure 3. Gran Pilar Project Overview, > 22km2 of prospective ground with two primary targets: South Block, the direct extension and expansion of the historic Main Zone defined by an expanding vein field of untested drill targets; North Block a 3.2-km by 1.5-km pyrite and clay alteration zone that coincides with high-grade gold-silver, the area remains largely untested.
Pilar Drill Highlights:
2024 RC Drilling Highlights include (all lengths are drilled thicknesses):
42.7m @ 1.0 g/t Au, including 3.1m @ 10.9 g/t Au
56.4m @ 1.0 g/t Au, including 3.1m @ 14.7 g/t Au
16.8m @ 0.8 g/t Au and 19 g/t Ag
2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):
116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag
108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag
63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag
2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):
39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au
47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
29m @ 0.7 g/t Au
35.1m @ 0.7 g/t Au
2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):
94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;
41.2m @ 1.1 g/t Au, including 3.1m @ 6.0 g/t Au and 12 g/t Ag ;
24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag
15,000m of Historic Core & RC drilling. Highlights include:
61.0m @ 0.8 g/t Au
21.0m @ 38.3 g/t Au and 38 g/t Ag
13.0m @ 9.6 g/t Au
9.0m @ 10.2 g/t Au and 46 g/t Ag
Pilar Bulk Sample Summary:
62% Recovery of Gold Achieved Over 46-day Leaching PeriodHead Grade Calculated at 1.9 g/t Au and 7 g/t Ag; Extracted Grade Calculated at 1.2 g/t Au and 3 g/t Ag
Bulk Sample Only Included Coarse Fraction of Material (+3/4" to +1/8")
Fine Fraction (-1/8") Indicates Rapid Recovery with Agitated Leach
Agitated Bottle Roll Test Returned Rapid and High Recovery Results:
80% Recovery of Gold and94% Recovery of Silver after Rapid 24-hour Retention Time
Additional Metallurgical Studies:
Gravity Recovery with Agitated Leach Results of Five Composite Samples Returned
95 to
99% Recovery of Gold73 to
97% Recovery of SilverIncludes the Recovery of
99% Au and73% Ag from Drill Core Composite at 120-meter depth.
Based on management's strong belief in the project's potential, the Company is outlining a permitting and operations strategy for a pilot facility at Pilar. The facility would underpin a robust test mine scenario with aims to process up to 50,000 tonnes of material. Timelines and budget are being prepared with the aim of moving forward with the development early in 2025. With gold prices hitting all-time highs, the Company believes the onsite test mine will provide key economic parameters and showcase the mineral potential of the area. In 2023, the Company completed an offsite bulk sample that produced important data showcasing the potential to recover both gold and silver through a variety of methods including heap leach, gravity and agitated leach (see August 22, 2023, news release for more details).
About Tocvan Ventures Corp.
Tocvan's advancing gold-silver projects are located in the mine-friendly jurisdiction of Sonora, Mexico. Through ongoing exploration programs, Company is unveiling the high-potential at its Gran Pilar Gold-Silver Project where it holds
Tocvan has approximately 59 million shares outstanding.
Quality Assurance / Quality Control
Rock and Drill samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's robust quality assurance / quality control protocol.
Soil Samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold and multi-element analysis of soils was completed by aqua regia digestion and ICP-MS finish using a 50-gram nominal weight. Over limit gold values greater than 1 g/t were re-assayed with a more robust aqua regia digestion ad ICP-MS finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising blank samples and certified reference materials were systematically inserted into the sample stream and analyzed as part of the Company's robust quality assurance / quality control protocol.
Brodie A. Sutherland, CEO for Tocvan Ventures Corp. and a qualified person ("QP") as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.
Cautionary Statement Regarding Forward Looking Statements
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company's business, the Company's formative stage of development and the Company's financial position. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws.
There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
For more information, please contact:
TOCVAN VENTURES CORP.
Brodie A. Sutherland, CEO
820-1130 West Pender St.
Vancouver, BC V6E 4A4
Telephone: 1 888 772 2452
Email: ir@tocvan.ca
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SOURCE: Tocvan Ventures Corp
View the original press release on ACCESS Newswire
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